International. According to the latest market report by MarketsandMarkets, the water-based epoxy resin market is expected to reach US$7.2 billion in 2019, signifying a firm annualized growth of 6.90% between 2014 and 2019.
The coatings market is one of the largest globally and the trend is expected to continue in the near future. The Asia-Pacific region was an important part of the coating application in 2013.
Asia-Pacific is one of the fastest growing consumers worldwide and the trend is expected to continue in the near future. It accounted for a share of more than 50% of the total market size in terms of volume in 2013, which was contributed mostly by China, which is estimated to be the fastest growing market in the region. The high growth in this region is mainly due to population growth, the development of large economies, favorable investment policies, and government initiatives to promote industrial growth.
The US and China are at the forefront of consumption of these resins, while Germany, South Korea, France, Japan, the UK and Russia are other key markets.
